PLANET LABS PBC (PL) Stock Technical Analysis
NYSE:PL - New York Stock Exchange, Inc. - US72703X1063 - Common Stock - Currency: USD
Taking everything into account, PL scores 10 out of 10 in our technical rating. In the last year, PL was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, PL did better than 98% of all other stocks. We also observe that the gains produced by PL over the past year are nicely spread over this period.
PL is one of the better performing stocks in the Professional Services industry, it outperforms 100% of 82 stocks in the same industry.
PL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month PL has a been trading in the 3.66 - 6.59 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
PL has an average volume of 7268020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although PL has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
4.33
6.13
We found 2 important support areas.
- A support zone ranging from 5.41 to 5.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @4.37 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for PL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PL is up. |
| ChartMill Relative Strength | 98.52 | POSITIVE | PL has a high relative strength, it outperformed 98.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.64 | OVERBOUGHT | The high RSI value suggests PL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests PL has a positive trend. |
| Stochastics (14,3) | 62.21 | NEUTRAL | The Stochastics value for PL is a neutral value. |
| Average True Range in percent/ATR (20) | 8.06 | HIGH VOLATILITY | The high ATR as a percentage value for PL suggests high volalility. |
| Average Directional Index/ADX (14) | 44.42 | POSITIVE | The high ADX value value for PL suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
6.07
+0.01 (+0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg0.17%
1 Week20.68%
2 Weeks11.17%
1 Month54.06%
3 Month75.43%
6 Month38.58%
12 Month226.34%
2 Year88.51%
3 Year40.18%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.44
ATR(20)%8.06%
ATR Inc24.34%
Range Today0.68
ADR(20)0.42
ADR(20)%7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.52
Mansfield6.19
10 Day High6.6
10 Day Low4.9
20 Day High6.6
20 Day Low3.66
52 Week High6.71
52 Week Low1.73
CS1 End5.44
CR1 StartN/A
Volume & EV
DER(3)4.5%
DER(5)4.04%
Volume26.50M
Volume Incr7.76%
Vol(5)12.35M
Vol(50)7.27M